Brokerages Anticipate CPI Card Group Inc. (PMTS) Will Announce Quarterly Sales of $75.45 Million
Equities research analysts expect CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) to report sales of $75.45 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CPI Card Group’s earnings, with the highest sales estimate coming in at $80.31 million and the lowest estimate coming in at $68.84 million. CPI Card Group posted sales of $81.20 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.1%. The business is expected to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that CPI Card Group will report full year sales of $75.45 million for the current year, with estimates ranging from $260.10 million to $267.16 million. For the next financial year, analysts expect that the company will post sales of $300.91 million per share, with estimates ranging from $279.32 million to $352.09 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover CPI Card Group.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). CPI Card Group had a negative return on equity of 1.51% and a negative net margin of 2.46%. The business had revenue of $65.85 million for the quarter, compared to the consensus estimate of $69.16 million. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year.
PMTS has been the topic of a number of research analyst reports. ValuEngine upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets lowered their price target on CPI Card Group from $4.50 to $2.20 and set a “market perform” rating for the company in a report on Thursday, August 3rd. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Barrington Research downgraded CPI Card Group from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. CPI Card Group presently has an average rating of “Hold” and a consensus target price of $2.85.
In other news, insider Lisa Jacoba bought 43,475 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $1.10 per share, with a total value of $47,822.50. Following the purchase, the insider now owns 86,423 shares in the company, valued at $95,065.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason Bohrer bought 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $1.38 per share, for a total transaction of $39,427.98. Following the purchase, the vice president now owns 28,571 shares in the company, valued at approximately $39,427.98. The disclosure for this purchase can be found here. Insiders have purchased a total of 112,046 shares of company stock valued at $129,750 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in CPI Card Group by 509.0% in the 1st quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 25,642 shares in the last quarter. American Century Companies Inc. purchased a new stake in CPI Card Group during the second quarter worth about $109,000. Teachers Advisors LLC increased its stake in CPI Card Group by 28.5% during the fourth quarter. Teachers Advisors LLC now owns 43,218 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 9,581 shares during the period. QS Investors LLC increased its stake in CPI Card Group by 40.2% during the second quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 15,260 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in CPI Card Group by 181.0% during the second quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock worth $174,000 after purchasing an additional 39,359 shares during the period. Institutional investors own 19.83% of the company’s stock.
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Shares of CPI Card Group (NASDAQ PMTS) traded down 1.74% during mid-day trading on Wednesday, hitting $1.13. 206,722 shares of the stock were exchanged. CPI Card Group has a 12 month low of $0.86 and a 12 month high of $6.41. The company has a 50-day moving average price of $1.04 and a 200-day moving average price of $2.42. The stock’s market cap is $62.84 million.
About CPI Card Group
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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